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since the forum is down currently i will first write down what I noted
outside my TJ here on FIO.
Start trading at 9am German time, when London and Xetra start. PinBar has to be confirmed by high volume.
Although I am considering to only trade explosions. My breakout spots seem to work
very good for that.
Mistakes done yesterday are.
1. Traded breakouts into Resistance... ( Did not stick to the trading plan, despite having it printed out and lying in front of me ) (2times)
2. traded vs Daily trend in a currently choppy market
3. Left my home and didn^t manage positions accordingly, despite a major news event
Overall a bad day, lucky that the FED was with me. Else the day would have been a major looser.
Analysis/Conclusion: Stick more aggresively to the trading plan
Nice to see your trades.
I saw that you use Ninjatrader 8.
The indicators that you use for the pivots and the volume profile, were did you get them from?
I use currently the standard Pivot from NT8 but I miss the pivots of previous days on the chat.
For the volume profile I use the indicator that I downloaded from Future.io but I miss the volume profile of previous days.
Are you sure?
That approach were you risk 2x as much as you try to realize requires a very high hit rate if you want to make profit.
It is possible though. You have to be right for 66,66% to be BE.
Based on your analysis, what hitrate do you expect?
) (2times)
maybe then I dont missclick